The Chinese government expanded on investment quotas in foreign securities, which will be better integrated into the global financial system.
The co-founder of Alibaba Jack Ma gave a speech in Tokyo at Waseda University before students and entrepreneurs. In his speech he urged Japan and China to build their own chipsets, as at the moment the whole market is dominated by US manufacturers. If the United States decide to cease the supply of its processors it can negatively affect the entire economy. He also said that over the past four years his firm has invested in 5 semiconductor manufacturers, as he has a desire to make chipsets more accessible, effective, and less expensive.
Recall that at the moment the United States are considering the termination of Qualcomm processor shipments to China. This is part of a series of sanctions due to intellectual property violations by ZTE, whom the US decided to fine. To investigate violations of sanctions by Huawei Technologies in their trade with Iran the US Department of Justice has become involved.
